LexinFintech (NASDAQ:LX) Stock Price Up 3.7% – Time to Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) shares traded up 3.7% during trading on Wednesday . The company traded as high as $10.89 and last traded at $10.98. 1,512,741 shares were traded during trading, a decline of 40% from the average session volume of 2,518,770 shares. The stock had previously closed at $10.58.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LX shares. UBS Group set a $13.60 price objective on LexinFintech and gave the company a “buy” rating in a report on Friday, March 21st. Citigroup raised shares of LexinFintech from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th.

LexinFintech Stock Up 2.8 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The business’s 50 day moving average price is $8.54 and its 200 day moving average price is $5.60. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 17.33 and a beta of 0.60.

LexinFintech (NASDAQ:LX) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $501.26 million during the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

LexinFintech Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be given a dividend of $0.11 per share. This is a positive change from LexinFintech’s previous semi-annual dividend of $0.07. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 1.2%. LexinFintech’s dividend payout ratio (DPR) is 24.44%.

Hedge Funds Weigh In On LexinFintech

Large investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in LexinFintech in the 4th quarter valued at $29,000. Wolverine Trading LLC acquired a new stake in shares of LexinFintech in the third quarter valued at about $29,000. Centiva Capital LP purchased a new position in shares of LexinFintech in the third quarter worth about $41,000. Ameriprise Financial Inc. acquired a new position in LexinFintech during the fourth quarter worth about $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in LexinFintech in the 4th quarter valued at about $70,000.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.